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Vendor Management Software in Europe Procurement Price, Data and Insights
Vendor management software (VMS) is also known as a vendor management system. This software assists buyers in overseeing their temporary workers, including freelancers and those sourced through a staffing agency. The software assists buyers with the recruitment and the onboarding and offboarding of these hires, as well as providing budgeting, scheduling, tracking, and analytical tools. The key buyers are retailers and manufacturers.
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What’s included in this market coverage
IBISWorld's research coverage on the Vendor Management Software procurement and pricing environment in Europe includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Vendor Management Software market in Europe includes Vendor Management Software, Training & Support, Supplier Information Management (SIM) Software, Procure-to-Pay (P2P) Software, Contract Lifecycle Management (CLM) Software and Vendor Risk Management Software. Standard coding in this coverage includes ISIC-582-Software publishing, NACE-58.29-Other Software Publishing, NAICS-513210-Software Publishers and UNSPSC-43231503-Procurement software.
What common market terminology is included?
Common market terminology included in the Vendor Management Software procurement coverage includes Cloud Computing (The delivery of computing, whereby shared resources, software, and information are provided to computers and other devices over the internet.), Enterprise Resource Planning (ERP) Software (Business management software that a company uses to collect, store, manage, and interpret data from a variety of business activities.), On-Premises Software (Software that is hosted locally at the user's location.), Blockchain (Blockchain is the technology underlying cryptocurrencies, such as Bitcoin. Blockchain is a decentralized, unfalsifiable chain of records that is hosted over a network of multiple computers.) and Robotic Process Automation (RPA) (RPA refers to the use of virtual robots (i.e., software) to carry out repetitive, simple tasks that would normally be allocated to human workers.).
What companies are included as top suppliers?
The top companies covered in the Vendor Management Software procurement report as suppliers are Coupa Software Inc., APC Workforce Solutions LLC, Tipalti, Inc., Manpowergroup Inc. and Oracle Corporation.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Vendor Management Software market in Europe category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) of spend under management, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Vendor Management Software market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Vendor Management Software procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Vendor Management Software market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Vendor Management Software market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Vendor Management Software?
The 2026 benchmark market price for Vendor Management Software is 2.59 of spend under management. Prices have increased at a CAGR of 0.78 from 2023-26.
Who are the top vendors in the Vendor Management Software market?
The top vendors in the Vendor Management Software market include Coupa Software Inc., APC Workforce Solutions LLC, Tipalti, Inc., Manpowergroup Inc. and Oracle Corporation.
What industries supply the Vendor Management Software market?
The top industries supplying the Vendor Management Software market are Computer & Peripheral Equipment Manufacturing in Europe, Electronic Component & Board Manufacturing in Europe, Data Processing & Hosting Services in Europe, Computer Consultants in Europe, Publishing Activities in Europe and Software Development in Europe.
What is the supply chain risk for Vendor Management Software?
High market concentration limits buyer negotiation leverage. The vendor management software market is dominated by a small number of large players, giving top vendors significant pricing power and reducing competitive pressure. Buyers face challenges securing favorable contract terms and may have limited alternatives in vendor selection. Procurement teams should consider negotiating performance-based agreements and exploring emerging niche providers for specialized needs to offset the impact of supplier dominance.
What factors affect the price of Vendor Management Software?
More features mean higher costs, especially for advanced tools like analytics or integrations. Systems with limited functions tend to be more affordable.
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